Consultation peper on draft Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ of credit servicers
Report on the benchmarking of diversity practices
The European Banking Authority (EBA) today published its Report on diversity practices and the gender pay gap at the level of the management body.
Consultation paper on draft joint Guidelines on the system established by the ESAs for the exchange of information relevant to the assessment of the fitness and propriety
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a consultation paper on draft joint Guidelines on the system for the exchange of information when assessing the fitness and propriety requirements. These Guidelines aim to increase the efficiency of the information exchange between sectoral supervisors by harmonising practices and clarifying how competent authorities should use the information system developed by the three ESAs.
Final Report on Guidelines on internal governance for investment firms
The European Banking Authority (EBA) published today its revised Guidelines on internal governance for investment firms under the Investment Firms Directive (IFD).
Final report on joint EBA and ESMA guidelines on the assessment of suitability
Annex I - Joint EBA and ESMA GL on the assessment of suitability
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published today their revised final joint Guidelines on the assessment of the suitability of members of the management body and key function holders. These Guidelines take into account the amendments introduced by the revised Capital Requirements Directive (CRD V) and the Investment Firms Directive (IFD), and their effect on the assessment of the suitability of members of the management body, in particular with regard to money laundering and financing terrorism risks, and gender diversity. The joint final Guidelines will apply from 31 December 2021.
The European Banking Authority (EBA) published today its revised Guidelines on internal governance. The update takes into account the amendments introduced by the fifth Capital Requirements Directive (CRD V) and the Investment Firms Directive (IFD) in relation to credit institutions’ sound and effective governance arrangements, in particular with regard to gender diversity, money laundering, financing terrorist risk and the management of conflicts of interest, including in the context of loans and other transactions with members of the management body and their related parties. The final revised Guidelines will apply from 31 December 2021.
Consultation paper on Guidelines on internal governance for investment firms
The European Banking Authority (EBA) launched today a public consultation on its new Guidelines on internal governance under the Investment Firms Directive (IFD), specifying the governance provisions that Class 2 investment firms should comply with, taking into account the proportionality principle. This governance framework aims at ensuring that investment firms have a clear organisational structure, effectively manage their risks and have adequate internal control mechanisms in place. The consultation runs until 18 March 2021.